39) Why is cost information stored in several relational tables? 40) Identify the business activity below that cannot be modeled using an REA diagram. A) purchase requisitions B) rental transactions C) intangible assets D) All of the above can be modeled by an REA diagram. 41) In which entity would an item's standard cost information most likely be maintained? A) Inventory entity B) Order_Inventory entity C) Inventory-Order_Inventory entity D) none of the above 42) In which entity would an item's actual cost information most likely be maintained? A) Inventory entity B) Order_Inventory entity C) Inventory-Order_Inventory entity D) none of the above 43) Identify the inventory valuation method below that cannot be calculated in a database created using an REA modeling approach. A) LIFO B) FIFO C) Weighted Average D) none of the above 44) If the actual cost of an inventory item is maintained as an attribute in the Inventory table, which inventory valuation method would an organization have to use? A) LIFO B) FIFO C) Weighted Average D) Specific Identification 45) True or False: An organization that sells digital products, such as access to view online videos, does not need an inventory table in its database. 46) Assume an organization sells digital photographs to customers through its website (the company only sells photographs in digital format, it does not provide a physical copy of any photograph). Identify the attribute below that the organization would not need in its Inventory entity. A) reorder point B) price C) photograph description D) primary key 47) In addition to modeling Resources, Events, and Agents, identify the two additional concepts an organization will need to incorporate if it wishes to extend the REA to include information about firm policies. A) Type and Rules B) Rules and Group C) Group and Rules D) None of the above 48) A type entity is used to depict the following relationship. A) is-a-kind-of B) is-a-member-of C) is-a-piece-of D) is-a-group-of 49) A groups entity is used to depict the following relationship. A) is-a-kind-of B) is-a-member-of C) is-a-piece-of D) is-a-group-of
39) Why is cost information stored in several relational tables?
40) Identify the business activity below that cannot be modeled using an REA diagram.
A) purchase requisitions
B) rental transactions
C) intangible assets
D) All of the above can be modeled by an REA diagram.
41) In which entity would an item's
A) Inventory entity
B) Order_Inventory entity
C) Inventory-Order_Inventory entity
D) none of the above
42) In which entity would an item's actual cost information most likely be maintained?
A) Inventory entity
B) Order_Inventory entity
C) Inventory-Order_Inventory entity
D) none of the above
43) Identify the
A) LIFO
B) FIFO
C) Weighted Average
D) none of the above
44) If the actual cost of an inventory item is maintained as an attribute in the Inventory table, which inventory valuation method would an organization have to use?
A) LIFO
B) FIFO
C) Weighted Average
D) Specific Identification
45) True or False: An organization that sells digital products, such as access to view online videos, does not need an inventory table in its database.
46) Assume an organization sells digital photographs to customers through its website (the company only sells photographs in digital format, it does not provide a physical copy of any photograph). Identify the attribute below that the organization would not need in its Inventory entity.
A) reorder point
B) price
C) photograph description
D) primary key
47) In addition to modeling Resources, Events, and Agents, identify the two additional concepts an organization will need to incorporate if it wishes to extend the REA to include information about firm policies.
A) Type and Rules
B) Rules and Group
C) Group and Rules
D) None of the above
48) A type entity is used to depict the following relationship.
A) is-a-kind-of
B) is-a-member-of
C) is-a-piece-of
D) is-a-group-of
49) A groups entity is used to depict the following relationship.
A) is-a-kind-of
B) is-a-member-of
C) is-a-piece-of
D) is-a-group-of
Step by step
Solved in 3 steps
